In April, construction growth slowed to 4% year on year

Construction output in the Czech Republic fell to four percent year on year in April, down from 8.8 percent in March. According to data published by the Czech Statistical Office (CSO) on Monday, this is true. Construction output was 1.9 percent lower month on month.

Civil engineering, which includes residential and non-residential building construction, increased by 6.3 percent compared to the same month last year. Civil engineering construction, which consists of the structure of roads, telecommunications, and energy networks, decreased by 1.8 percent year on year.

“Construction output rose four percent in April and has been rising continuously for 12 months. Since the beginning of this year, it has grown by almost eight percent,” said Radek Matějka, director of the CSO’s Department of Statistics on Agriculture and Forestry, Industry, Construction, and Energy.

Minor construction for more money

In April, building authorities issued 7,181 building permits, a 9.8 percent decrease from the previous year. The estimated value of these constructions reached CZK 47.3 billion, representing a 25.8 percent increase over the same period in 2021.

“The fall in the number of building permits was partly driven by a higher comparative base last April when building authorities made up for the covid shortfall. The growth in the benchmark was caused by the permitting of large transport infrastructure buildings,” explained Petra Cuřínová, head of the CSO’s Construction and Housing Statistics Department.

In April, the number of housing starts fell by 0.8 percent yearly to 3,562. The number of completed flats increased by 5.3 percent annually to 3,043 apartments in April of last year.

According to the statisticians, the average number of registered employees in the construction industry increased by 0.9 percent year on year in April, while the average gross monthly nominal wage of these employees increased by 10.5 percent year-on-year.

Source

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